Chaired by Swedish Minister for Energy, Business and Industry Ebba Busch, the EU’s Competitiveness Council is expected to reach a general approach on the revision of the EU directive concerning financial services contracts concluded at a distance—which aims to adapt Directive 2002/65/EC, which the new directive will repeal, to the digital environment—on Thursday, 2 March.
“The text has broad support from Member States. We expect an agreement”, a senior EU official emphasised...